Ord Minnett keeps AUD 7.40 target for Genesis Minerals stock

Published on 10/17/2026 at 20:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Genesis Minerals meets on November 12, 2026. Genesis Minerals stock costs AUD 7.25 on October 16, 2026, up 4.92 percent versus the ASX close.

Ord Minnett target and AGM

On October 14, 2026, Ord Minnett maintained an AUD 7.40 target for Genesis Minerals.
June-quarter revenue reached AUD 922.00 million versus AUD 581.41 million a year earlier.
Genesis Minerals stock last traded at AUD 7.25 on October 16, 2026 at 4:11 p.m. AEDT, up 4.92 percent versus the ASX close.
The annual general meeting is scheduled for November 12, 2026.

Genesis Minerals, AU000000GMD9, Illustration mit AI erstellt.

Ord Minnett maintained its AUD 7.40 target for Genesis Minerals on October 14, 2026, putting the target 2.07 percent above the AUD 7.25 closing price. Markets Insider reported that Paul Kaner kept a Buy rating alongside the target. Genesis Minerals last traded at AUD 7.25 on the ASX on October 16, 2026 at 4:11 p.m. AEDT, up 4.92 percent versus the ASX close of October 15, 2026.

June-quarter revenue sets the scale

The latest reported quarter delivered the clearest operating comparison. Revenue reached AUD 922.00 million in the quarter ended June 30, 2026, versus AUD 581.41 million in the year-earlier quarter, while net profit rose to AUD 363.72 million from AUD 161.37 million. Markets Insider carried those figures from the company earnings release.

Price position after the ASX close

Genesis Minerals finished the latest ASX session 4.92 percent above its previous close. The stock's 52-week range was AUD 4.51 to AUD 8.84, placing AUD 7.25 17.99 percent below the high and 60.75 percent above the low. Trading volume reached 4,757,329 shares, compared with an average of 6,923,351.

Valuation and the next date

The market capitalization was AUD 8.5 billion, with a price-to-earnings ratio of 13.94 and a dividend yield of 0.01 percent. The next dated corporate event is the annual general meeting on November 12, 2026, at the Parmelia Hilton in Perth. The Globe and Mail reported that shareholders registered by November 10, 2026 will be eligible to vote.

Comparison with peers

Genesis Minerals (ASX, AUD): plus 4.92 percent, P/E 13.94, market capitalization AUD 8.5 billion.

Northern Star Resources (ASX, AUD): plus 3.25 percent, P/E 21.65, market capitalization AUD 35.8 billion.

Evolution Mining (ASX, AUD): plus 3.03 percent, P/E 17.26, market capitalization AUD 25.8 billion.

What the target says

The Ord Minnett target sits above the latest ASX close, while the quarterly figures show the earnings base behind the valuation. The next shareholder meeting adds a defined calendar date for the company.

The latest ASX closing price was AUD 7.25 on October 16, 2026, with the session change measured against the ASX close of October 15, 2026.